Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $186.95

Electronic Arts Inc. (NASDAQ:EA) has been given an average recommendation of “Hold” by the twenty-four brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nineteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $186.9524.

A number of brokerages have commented on EA. Morgan Stanley increased their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Argus set a $210.00 target price on shares of Electronic Arts in a research note on Thursday, October 30th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th.

Electronic Arts Stock Up 0.9%

EA stock opened at $202.58 on Friday. The company’s 50 day simple moving average is $203.61 and its 200-day simple moving average is $191.83. The firm has a market capitalization of $50.70 billion, a PE ratio of 76.16, a P/E/G ratio of 2.42 and a beta of 0.74. Electronic Arts has a 12 month low of $128.02 and a 12 month high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 28.57%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the completion of the sale, the insider directly owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. The trade was a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the completion of the transaction, the chief financial officer owned 5,595 shares of the company’s stock, valued at $1,128,231.75. This trade represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,769 shares of company stock valued at $24,943,734 in the last 90 days. Insiders own 0.24% of the company’s stock.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC boosted its holdings in Electronic Arts by 2.1% in the fourth quarter. Lido Advisors LLC now owns 29,541 shares of the game software company’s stock valued at $5,994,000 after acquiring an additional 607 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Electronic Arts by 28.4% in the 4th quarter. CIBC Asset Management Inc now owns 100,112 shares of the game software company’s stock valued at $20,456,000 after purchasing an additional 22,129 shares in the last quarter. Kesler Norman & Wride LLC grew its holdings in shares of Electronic Arts by 43.0% during the 4th quarter. Kesler Norman & Wride LLC now owns 10,402 shares of the game software company’s stock worth $2,125,000 after purchasing an additional 3,130 shares during the period. Root Financial Partners LLC increased its position in Electronic Arts by 376.7% during the 4th quarter. Root Financial Partners LLC now owns 1,740 shares of the game software company’s stock worth $356,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Ellevest Inc. acquired a new stake in Electronic Arts during the 4th quarter worth approximately $314,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.